JP Morgan Cazenove Maintained Standard Chartered (LON:STAN) As a “Overweight”; They Now Have a Price Objective Of GBX 870.00

Standard Chartered (LON:STAN) Rating Reaffirmed

JP Morgan Cazenove now has a GBX 870.00 price target on shares of Standard Chartered (LON:STAN). The price target may imply a potential upside of 76.49% from the price per share of Standard Chartered (LON:STAN). This rating was unveiled in a recent report on Wednesday morning.

From a total of 22 analysts covering Standard Chartered PLC (LON:STAN) stock, 7 rate it a ”Buy”, 6 a “Sell”, and 12 a ”Hold”. This means that 28% of the ratings are positive. The highest target price is GBX 17.34 while the lowest target price is GBX 5.78. The mean of all analyst targets is GBX 11.39 with a 51.44% above today’s (GBX 496.6) stock price. Standard Chartered PLC was the topic of 84 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 16 with “Overweight” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 918 target share price in a report from a December 2. Natixis upgraded STAN stock in a recent report from December 10 to “Neutral” rating. Societe Generale maintained the rating on December 1. Societe Generale has a “Hold” rating and a GBX 714 price target on shares. Finally, Berenberg maintained the stock with “Hold” rating in a report issued on a December 7.

Approximately 6.31 million shares of stock traded hands. Standard Chartered PLC (LON:STAN) has declined 52.04% since May 19, 2015 and is downtrending. It has underperformed by 49.42% the S&P500.

Standard Chartered PLC is an international banking group. The company has a market cap of 16.17 billion GBP. The Bank provides personal banking, business banking, wealth management, Islamic banking and online banking services. It has 11.88 P/E ratio. The Bank’s divisions include Corporate and Institutional clients, Commercial Clients, Private Banking Clients and Retail Clients.